Resource recycling companies have issued more than 500 billion yuan in reverse invoices.

On August 11, the State Taxation Administration announced that as of the end of June this year, there were 13,300 resource recycling enterprises nationwide issuing invoices in reverse to 1.67 million individuals, with a total amount of 515.2 billion yuan and 5.11 million invoices issued. Starting in April 2024, in order to promote a new round of large-scale equipment upgrades and the exchange of used goods for new ones, and to further facilitate the issuance of invoices to individuals by resource recycling enterprises when purchasing scrapped products, the tax authorities have implemented a "reverse invoicing" policy in the resource recovery industry. Recently, it was learned through interviews that for over a year, the "reverse invoicing" policy has effectively supported the implementation of the "two new" policy and played a role in regulating industry order and promoting the development of the circular economy.